Silver (.999 fineness) tumbled by Rs 845 to Rs 43,500 per kg at 1700 hrs as against Rs 44,345 previously.

Globally, gold steadied above one-month lows in early trade, but a firmer dollar, stronger equity markets and signs of a recovery in the US economy are likely to limit gains, while support from physical buying was also lacking.

In London, spot gold was up USD 1,314.60 an ounce in the morning trade and silver also rose to USD 20.05 an ounce.